premium placement

It looks like NGF Rodman & Renshaw Roadshow has proved very beneficial to the company. NGF is raising $40.5m at a premium to market,to fund its growth program. When you see major international resource funds like Sprott Asset Management (Canada), Baker Steel(UK), Libra Advisers (USA) & Goldmax Asia Investments (Hong Kong) have paid a premium to take stakes in this company it clearly shows they see value in NGF at far higher prices than the Australian shareholders.
NGF management have kept dilution to a minimum by obtaining key shareholders at premium prices (32.83 cents).
NGF chart also looks very interesting & NGF could be worth a little research if interested in gold shares.
This placement represents an excellent outcome for existing shareholders who have been prepared to buy at cheaper prices.
Regards
Buffett
PS No Investment advice given, please do your own research.